Synthomer (LON:SYNT) Announces Quarterly Earnings Results

Synthomer (LON:SYNT) released its earnings results on Wednesday. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer Trading Down 3.2 %

Shares of SYNT stock opened at GBX 132.80 ($1.72) on Wednesday. Synthomer has a twelve month low of GBX 122 ($1.58) and a twelve month high of GBX 338 ($4.38). The stock’s fifty day simple moving average is GBX 141.51 and its 200 day simple moving average is GBX 172.40. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The firm has a market capitalization of £217.76 million, a P/E ratio of -2.66, a P/E/G ratio of -0.17 and a beta of 1.79.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of Synthomer from GBX 265 ($3.43) to GBX 230 ($2.98) and set a “buy” rating on the stock in a research note on Monday, January 6th.

About Synthomer

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.